Basic Statistics for Business & Economics 7th Canadian Edition – Complete Chapter Solutions Manual (Ch 1–17)

Basic Statistics for
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Business & Economics 7 s s s




th Canadian Edition by
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Douglas Lind s




Complete Chapter Solutions Manual ar
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e included (Ch 1 to 17)
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** Immediate Download
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** Swift Response
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** All Chapters included
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, CHAPTER 1 S

WHATsISsSTATISTICS?
1. a. Interval
b. Ratio
c. Ratio
d. Nominal
e. Ordinal
f. Ratio
g. Nominal
h. Ordinal
i. Nominal
j. Ratio (LO1-5)

2. a. Ratio
b. Ratio
c. Ratio
d. Ratio
e. Ratio
f. Ratio (LO1-5)

3. Answersswillsvary (LO1-6)

4. a. Sample
b. Population
c. Population
d. Samples(LO1-3)

5. Qualitativesdatasaresnotsnumerical,swhereassquantitativesdatasaresnumerical.sExamples
swillsvarysbysstudent. (LO1-4)

6. Aspopulationsissthesentiresgroupswhichsyousaresstudying.sAssamplesissassubsetstakensfroms
aspopulation. (LO1-3)

7. Discretesvariablesscansassumesonlyscertainsvalues,swhereasscontinuoussvariablesscan
sassumesanysvalueswithinsasspecificsrange.sExamplesswillsvary. (LO1-4)

8. Thescellsphonesprovidersissnominalslevelsdata.sThesminutessusedsaresratioslevel.sSatisfactions
issordinalslevel. (LO1-5)

9. Ifsyousweresusingsonesstoresasstypicalsofsallsofsthesstoresssellingselectronicsbooksreaderssins
thesmallsthensitswouldsbessamplesdata.sHowever,sifsyousweresconsideringsallsofsthesstoress
sellingselectronicsbooksreaderssinsthesmall,sthensthesdataswouldsbespopulationsdata.
(LO1-3)

10. Basedsonsthesesfindings,swescansinfersthats270/300sors90spercentsofsthesexecutivesswoulds
move. (LO1-3)




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,11. IfsyousweresusingsthissstoresasstypicalsofsallsBestsBuysstores,sthensthesdailysnumberssolds
lastsmonthswouldsbesassample.sHowever,sifsyousconsideredsthesstoresassthesonlysstoresofs
interest,sthensthesdailysnumberssoldslastsmonthswouldsbesaspopulation.s s (LO1-3)

12. Thesclearsmajoritysofscustomersssurveyeds(400/500,sors80%)sbelievesthestake-
outsservicesissexcellent.sBasedsonsthissfinding,swescansexpectsassimilarsproportionsofsallsc
ustomersstosfeelsthessamesway.s s s (LO1-3)

13. a
Thissyearstotalssaless=s1s000s772;slastsyearstotalssaless=s942s973;stotalssales
sincreasedsabouts6%sfromslastsyearstosthissyear.
b. Increases:sHockeysMen’ssFinalssbys19.9%sandsHockeysWomen’ssbys23.5%.
Itsappearssthatsthereshassbeensassignificantsshiftswithinsthesmarketsfromslastsyearst
osthissyear.s(LO1-3)

14. a. qualitative (LO1-4)
b. nominal (LO1-5)

15. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. interval (LO1-5)

16. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)

17. a. quantitative (LO1-4)
b. discrete (LO1-4)
c. ratio (LO1-5)

18. sample (LO1-3)

19. a. quantitative (LO1-4)
b. continuous (LO1-4)
c. ratio (LO1-5)

20. population (LO1-3)

21. sample (LO1-3)

22. a. qualitative (LO1-4)
b. nominal (LO1-5)

23. a. qualitative (LO1-4)
b. nominal (LO1-5)

24. a. Assamplesissusedsbecausesitsissdifficultstoslocateseverysstudent.
b. Aspopulationsissemployedsbecausesthesinformationsisseasystosfind.
c. Aspopulationsissusedsbecausesthesinformationsisseasystosfind.
d. Assamplesworkssbecausesitsissdifficultstoslocateseverysmusical. (LO1-3)



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, 25. a. discrete,squantitative,sratio
b. discrete,squalitative,snominal
c. discrete,squantitative,sratio
d. discrete,squalitative,snominal
e. continuous,squantitative,sinterval
f. continuous,squantitative,sinterval
g. discrete,squalitative,sordinal
h. discrete,squalitative,sordinal
i. discrete,squantitative,sratio (LO1-4s&s1-5)

26. a. Qualitative:sCompany,sIndustry,sEstablished,sPublic,sParent,sPhysicalsrating,
Cafeteria,sandsonssitesfitness
Quantitative:sFullstime,sPartstime,s%sContract,sandsStartingsvacation (LO1-4)
b. Nominal:sCompany,sIndustry,sEstablished,sPublic,sParent,sCafeteria,son-site
fitness
Ordinal:sPhysicalsrating
Ratio:sFullstime,sPartstime,s%sContract,sandsStartingsvacations(LO1-5)

27 a. Qualitative:sregion
Quantitative:saverageshousesprices (LO1-4)
b. Nominal:sregion
Ratio:saverageshousesprices (LO1-5)

28. a. Qualitative:sTeamsname,sCountry,sStarspower.
Quantitative:sFMVsworth,sRevenue,sTemperature,sTotalsSnow,sAveragesAtte
ndance,sPostsseason,sAppearancesinsthescup,sCupswins,s2019/2020sseasonspoi
nts (LO1-4)
b.
Nominal:sTeamsname,sCountry
sOrdinal:sStarspower
Interval:sTemperature
Ratio:sFMVsworth,sRevenuesTotalsSnow,sAveragesattendance,sPostsSeason,sA
ppearancessinsthesCup,sCupswins,s2019/2020sPoints.s(LO1-5)




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